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Welcome Venerable Group, Inc., founded in 1991, has carved a niche in Portland, Oregon commercial real estate specializing in
The firm includes subsidiaries Venerable Properties, LLC, Venerable Development, LLC, White Stag Block, LLC, Irvington Corner, LLC, Northwest Fence & Wire Works, LLC and Mill Pond Village, LLC. In
2006, Venerable completed more than $42 million in
commercial leasing and sales transactions. The firm tackles development
sites with challenges such as the restrictions of buildings
listed on the National Historic Register such as Northwest
Fence and Wire Works or cleaning up a brownfield site now developed
into Mill Pond Village, a wonderful mixed use community in Astoria, Oregon. Venerable offers historic preservation consulting with a range of services available including tax credit incentive programs. The Telegram Building, Northwest Fence & Wire Works and our newest project, the White Stag Block, are three projects where Venerable combined the Federal Rehabilitation Tax Credit and the New Markets Tax Credit for redevelopment. These credits are beneficial to historic rehabilitation projects when the owner partners with an investor (such as a bank or large corporation), who makes an equity contribution to the project in exchange for the tax credits. Because many historic properties are located in low-income areas, they also qualify for New Markets Tax Credits designed to promote investment in under served neighborhoods. |
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